This Week’s Metro Boston Open House Schedule

Where Around Boston Do You Want To Attend Open Houses?

Be sure to check back often as this page is updated hourly. And when you’re on the go, navigate over to unitboston.com on your mobile device to find open houses close to wherever you are using our Mobile “Near Me” Search feature with advanced options turned on.

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GREATER BOSTON: SELECT CITIES

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Mobile 'Near Me' Boston Open House Schedule App Demo Video

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

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February 2019 Greater Boston Real Estate Market Trends

Here’s February 2019’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


February 2019 Greater Boston Real Estate Market Trends

After tumbling by double-digit percentages in January, sales of detached single-family homes and
condominiums rose sharply on a year-over-year basis in February across metropolitan Boston as improved inventory
levels, a moderation home price appreciation rates, and relatively storm-free winter helped draw homebuyers back into the
market early in 2019, according to data issued today from the Greater Boston Association of REALTORS® (GBAR).

Sales of single-family detached homes saw a year-over-year increase of 21.8 percent in February as 586 homes were sold
compared to the 481 homes sold in February 2018. This year’s sales total is the fifth highest on record for the month of
February. The condo market also experienced an increase in sales as 528 units were sold in 2019, a 13.1 percent increase
from the 467 units sold in February 2018. Last month’s condo sales total is the fourth highest on record for the month.

Condominium
  • February condo sales UP +13.1%
  • Median prices DOWN -2.9% ($530,000)
  • Active Listings UP +22.9% to 1,780
  • Listings added to the market DOWN -1.5% over last year (966 from 981 in 2017)
Single-Family
  • February single-family home sales UP +21.8%
  • Median prices UP +6.7% ($577,500)
  • Active Listings UP +2.4% to 2,056
  • Listings added to the market DOWN -1.7% over last year (1,134 from 1,154 in 2017)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

 

February 2019 Greater Boston Market Trends

Anna Roberts

REALTOR® & Operations Executive at Unit Realty Group.

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January 2019 Greater Boston Real Estate Market Trends

Here’s January 2019’s Monthly Indicators Report from the Greater Boston Association of Realtors® showing Boston real estate market trends.


January 2019 Greater Boston Real Estate Market Trends

Despite increased inventory levels and a decline in mortgage rates since last fall, sales of detached single-family homes and condominium fell by double-digit percentages during January in Greater Boston, according to data issued today from the Greater Boston Association of REALTORS® (GBAR).

The detached single-family home market saw sales decline from 794 homes sold in January 2018 to 707 homes last month. This reflects an 11 percent decrease, but still ranks as the tenth highest sales total on record for the month. In the condo market, sales experienced a similar drop in sales volume of 12.4 percent last month, falling from 620 condos sold in January 2018 to 543 sold last month, making it the eighth highest sales total for condos in the month. On a month-to-month basis, sales declined even more significantly, mostly due to seasonal factors, sliding 27 percent from December’s sales volume in each market.

Condominium
  • January condo sales DOWN -12.4%
  • Median prices UP +9.6% ($570,000)
  • Active Listings UP +30.0% to 1,753
  • Listings added to the market UP +47.3% over last year (1,087 from 738 in 2017)
Single-Family
  • January single-family home sales DOWN -11.0%
  • Median prices UP +7.3% ($590,000)
  • Active Listings UP +9.3% to 1,889
  • Listings added to the market UP +37.3% over last year (1,072 from 781 in 2017)

Interested In Specific Neighborhood / Area Real Estate Market Trend Data?

 

December 2018 Greater Boston Market Trends

Anna Roberts

REALTOR® & Operations Executive at Unit Realty Group.

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Increase your family’s net worth

A recent study from the Survey of Consumer Financing revealed that the net worth of a homeowner is over 44 times greater than that of a renter.

I know I sound redundant when I bring up the topic of buying versus renting, but I am going to mention it again. Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth.

In other words, every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases you also gain home equity.

The Financing study also revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

That is why Gallup reported that Americans picked real estate as the best long-term investment for the fifth year in a row. According to this year’s results, 34% of Americans chose real estate. Stocks followed at 26%, and then gold, savings accounts/CDs, or bonds.

I know what some of you may be thinking, not everyone has the ability to buy and there is a myriad of reasons why it may not make sense for some. And I agree. My general rule of thumb is, if you have the down payment for the property you want to buy and you plan to live there for at least 3 years it probably makes sense. Here is a great online calculator to help you figure things out.

Reach out to me to discuss your specific situation.

Joe Schutt

Committed to representing your interests with the highest level of integrity, I am dedicated to service excellence focused on personal attention and building a solid trust relationship. I listen carefully and make my clients feel comfortable in exploring their full range of real estate options and then encourage them to relax and rely on my expertise to insure that the details run smoothly and efficiently. Google+

More Posts - Website

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